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Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Filed Under: Indian Economy
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Q:

In April 2017, Agriculture Ministry Unveiled Model APMC Act. The new Act proposes to put a Cap on Mandi taxes at what rate (in percent) for food grain?

A) 5 B) 1
C) 2.5 D) 8
 
Answer & Explanation Answer: B) 1

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Q:

The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.

A) Rs 5000 worth of consumer surplus B) Rs 8000 worth of consumer surplus
C) Rs 5000 worth of producer surplus D) Rs 8000 worth of producer surplus
 
Answer & Explanation Answer: C) Rs 5000 worth of producer surplus

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Q:

Which of the following organ does NOT belong to human excretory system?

A) Kidneys B) Ureters
C) Uterus D) Urethra
 
Answer & Explanation Answer: C) Uterus

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Filed Under: Biology
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Q:

Which of the following meals is NOT obtained by reduction using carbon?

A) Copper B) Sodium
C) Iron D) Zinc
 
Answer & Explanation Answer: B) Sodium

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Filed Under: Chemistry
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Q:

A good measure of the standard of living is

A) SGP B) GDP
C) Percapita income D) None
 
Answer & Explanation Answer: B) GDP

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Q:

What is the SI unit of Charge?

A) Coulomb B) Amperes
C) Watts D) Joules
 
Answer & Explanation Answer: A) Coulomb

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Filed Under: Physics
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Q:

Objects float on water based on ___.

A) Newton's third law of motion B) Hooke's law
C) Faraday's law D) Archimedes principle
 
Answer & Explanation Answer: D) Archimedes principle

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Filed Under: Physics
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